Business Tips by Chris Reich
Tips from growing a business to dealing with disputesBusiness For Sale, Established, Profitable
For Sale: Growing and Profitable BusinessPut that ad in any newspaper and the phone will ring before the ink dries.There is demand for businesses that are making money. There are millions of people with "nest eggs" who would trade their boss for a business in a...
Danger! Danger!
Lately I've been hearing from many businesses that are saddled with debt. Not just your typical operating cash-flow debt, big debt. Big debt is dangerous and constrictive. The guys who get rich have cash during the worst of times. They go shopping. Those who fail...
Don’t Blame Labor
As we head into Labor Day, let me ask that we stop blaming the working people for all the woes of business.I'm sick of handing over our manufacturing base to China because our "labor costs are too high". Nonsense. We are addicted to low quality, cheap junk....
I’m Sick of Hearing This
Seth Godin wrote on July 25th, 2011:"The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room...
How Much Will You Pay for Your Next Sale?
All sales, except perhaps a repeat from a loyal customer is bought. Your business pays for each and every sale. It might be advertising, special service, a discount, the website, a favor—something.
How Much Will You Pay for Your Next Sale?
All sales, except perhaps a repeat from a loyal customer is bought. Your business pays for each and every sale. It might be advertising, special service, a discount, the website, a favor
What’s the Difference?
If your business is not doing as well as you know it could be doing, even with this economy, what's the problem? How can you improve your business?Start by asking yourself these questions:Why should a prospect choose your business over the ever-growing list of...
What’s the Difference
If your business is not doing as well as you know it could be doing, even with this economy, what's the problem? How can you improve your business?Start by asking yourself these questions:Why should a prospect choose your business over the ever-growing list of...
What’s the Goal?
I’m seeing a lot of business activities, expensive activities, where the goal is never defined. It’s never asked. Why spend thousands without setting a goal?
Hope
I visited clients on the east coast over the past 10 days and I saw some very amazing things.There are businesses doing incredible things with solar energy. I saw very well-run businesses making a difference and a profit. Easy? No. Possible? Yes. I'm very proud of the...
There is Hope…
There are businesses doing incredible things with solar energy. I saw very well-run businesses making a difference and a profit. Easy? No. Possible? Yes.
What Is the Long Term Outlook for Business?
What's the outlook for the rest of this year? Next year? Beyond? Will the economy contract further or enter a real recovery period?The answer to these questions may be up to us.I believe we are approaching a tipping point, not in a Malcolm Gladwell sense where...
What Is the Long Term Outlook for Business?
What's the outlook for the rest of this year? Next year? Beyond? Will the economy contract further or enter a real recovery period?The answer to these questions may be up to us.I believe we are approaching a tipping point, not in a Malcolm Gladwell sense where...
Get Up, Now!
I was unfriended for telling someone what I'm about to tell YOU. Maybe you too will unfriend me. Here's one of the most important tips you'll ever receive. Only a small fraction will do it. Maybe 1% of those who read this. Maybe fewer.Look at what you are good at...
Try This at Your Next Business Meeting
I came across an article about created languages and it stimulated my thinking. There was one language based on simple symbols that represented concepts like a smile face for feeling happy. The main idea was to develop a means of universal communication. The...
Try This at Your Next Business Meeting
I came across an article about created languages and it stimulated my thinking. There was one language based on simple symbols that represented concepts like a smile face for feeling happy. The main idea was to develop a means of universal communication. The problem...
Short and Sweet
Thoughts for the day...It's summer. Things have slowed from the slow we were getting used to, to slower.So, while we've got some time on our hands, rather than panic, let's focus.If something you're doing is not working, stop doing it. Hard to do because of what's...
Let’s review the Death Penalty
This might seem off topic for a business blog but I am deeply concerned about our declining ability to reason through difficult decisions. I offer this as a mold for seeing points of view from differing angles.The Death PenaltyFor the moment, can we put aside the...